| Date: |
10-08-2015 |
| Subject: |
Rupee opens higher at 63.75 per dollar; gains 6 paise |
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The Indian rupee has opened marginally higher at 63.75 per dollar Monday against Friday's close of 63.81.
Agam Gupta of Standard Chartered Bank said, "We expect USD-INR to trade in 63.70-63.90/dollar range. We anticipate demand for dollar to emerge from local government banks on any dips to 63.75/dollar."
"Also, upticks to 63.85/dollar should see interest from exporters to hedge their receivables," he added.
The dollar remained firm near four-month high against major currencies after solid US jobs data backed expectations that the US Fed will raise interest rates as early as September.
Source : moneycontrol.com
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